The project is in a tier 1 location, it is 35km from Silver City Highway and 60km from established mineral sands mines.
Current Copi JORC resource of 2.54Bt Tonnes at 1.2% heavy mineral following the 2023 drill program – however the extents of deposit in terms of depth, width and length have yet to be found.
The mineral assemblage of the deposits shows high levels of the valuable rutile and zircon in the heavy mineral concentrate along with leucoxene, ilmenite and rare earth element bearing minerals. The deposit sits within a significant saltwater aquifer, suitable for the establishment of a potential low‐cost dredge mining operation.
RZ Resources will employ a wet dredge mining techniques due to the abundance of highly saline water in the area. A dredge floating in a pond extracts the ore and pumps it to the adjacent floating concentrator, whereas dry mining uses traditional earthmoving equipment such as dozers and trucks supplying a static processing plant.
The floating dredge and concentrator mining and processing minimise the mining disturbance and allows continuous rehabilitation of the previous landform behind the pond.
For more information, please read the Mineral Council of Australia fact sheet found here.
The Copi Project comprises of both Copi North (EL8312) and Sunshine (EL8385) tenements. RZ Resources is pursuing a strategic drilling program with a clear strategy to build reserves and resources to support a mine life to 20+ years.